US private aviation provider Wheels Up has narrowed its net loss in the fourth quarter of 2023 to $81.1 million, down from $224.9 million in the same period a year prior. Revenue in the fourth quarter...
Westcap has invested in Northway Aviation and Northway Aircraft Leasing, completed in syndication through Westcap's managed funds Westcap MBO III Investment and Connect Manitoba Growth Fund. Westca...
Capital A, owner of AirAsia, has finalised a business combination agreement with special purpose acquisition company Aetherium Acquisition in the US public markets. The deal values Capital A, which wi...
In its shareholder letter for the fourth quarter of 2023, Lilium said it expects its adjusted cash spend for the first half of 2024 to be between $187-198 million. The expectation is in line with its ...
Archer Aviation, developer of the Midnight eVTOL (electric vertical takeoff and landing) craft, has reported a net loss of $457.9 million for the full year 2023 despite noting a strong liquidity posit...
Global alternative investment manager Castlelake has entered into a joint venture agreement with Samhällsbyggnadsbolaget i Norden (SBB), a Nordic-based social infrastructure property. Castlelake will ...
French aircraft manufacturer Elixir Aircraft has finalised its total capital financing budget of €40 millions ($43.4 million) over the next five years. The funding will be allocated to the constructio...
Global aviation solutions provider and asset manager Chorus Aviation's net income was down 20.1% to C$36.6 million (US$27 million) in the fourth quarter of 2023. Operating revenue was down 4.2% to C$4...
AerCap has reported net income for the fourth quarter of 2023 of $1.1bn, up from $495 million year-on-year (YoY). Net income for the full year 2023 was $3.1bn. Adjusted net income for the fourth quart...
THAI airways has reported a total yearly operating revenue (for THAI and its subsidiaries) for the full year 2023 of THB 161,067 million ($4,472 million), a 53.3% increase from the previous year, as t...
United Airlines has extended the borrowing capacity of its revolving credit facility (of up to $2.865bn) by $1.115bn. This may be drawn upon by United until February 15 2029 (in the case of revolving ...
Rolls-Royce’s underlying operating profits surged to £1.59bn (circa $2bn) in the full year 2023, more than doubling its 2022 full year result of £652 million ($823.39 million). Following the result, t...
We're Social